SÃO PAULO, May 18 (Reuters) – Copasa () announced this Monday that the Court of Auditors of the State of Minas Gerais (TCE-MG) authorized the continuation of the ‘potential’ subsequent public offering of shares in the company, within the scope of the privatization process of the State’s water and sanitation company.
‘The TCE-MG established that the continuity of the privatization process remains under the supervision of the body and must observe certain conditions and procedures’, stated Copasa in a relevant fact.
Trading in Copasa shares was suspended by B3 shortly before the announcement.
Before the suspension of business, Copasa shares rose 4.51%, to R$54.03, the best performance of Ibovespa. After the reopening, the shares rose 4.85%, to R$54.21, at 12:49 pm (Brasília time).
